February 22, 2012 Author: Murray Wise
I have a challenge for you: Look around on Wall Street -- or anywhere else for that matter -- and find a business where net income was up 28% and debt decreased by 3%.
While you're at it, see where you can find a class of real estate where values are rising dramatically even as debt on those properties is falling!
Doesn't make sense, right? Maybe not in most sectors. but in agriculture, that's just what we're seeing. The press is having a ball reporting on skyrocketing farmland prices, and some keep suggesting that somehow farmers are headed for the kinds of trouble faced a few years ago by condo developers and real estate flippers in Nevada and Florida. Here's why you don't need to worry about it:
Murray Wise founded the Westchester Group in 1986 after acquiring the Champaign, IL division of the Sandage Companies, a traditional farm management and brokerage firm…
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"For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning." https://bit.ly/2HRJuA1
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Prices for high quality IL land are generally holding firm, even rising in some areas of the state, while farm income has been going down. The pinch on operating income has not had a drastic effect on the value of high quality farmland.
Why is this?
http://www.murraywiseassociates.com/Blog/illinois-land-market-continues-to-show-resilience … pic.twitter.com/Z3AQmZWchx
LISTING: 329.95 ACRES
Worth County, IA : $2,994,900
3 Properties available in Kensett Township, Worth County, IA. The cash rent lease is $270 per tillable acre for 2018 for all 3 properties.
http://www.murraywiseassociates.com/Real-Estate/Listing/ItemId/121/Iowa/Worth-County … pic.twitter.com/Got988O8dC
MWA is seeking to acquire high quality permanent crop properties in California, Oregon, Washington and other areas of the United States.
http://www.murraywiseassociates.com/Blog/mwa-seeking-farmland-acquisitions … pic.twitter.com/0NNSp099LP
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Real Estate and Farm Management
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